The stock of Spartan Energy Corp (TSE:SPE) is a huge mover today! About 531,380 shares traded hands. Spartan Energy Corp (TSE:SPE) has risen 16.36% since March 24, 2016 and is uptrending. It has outperformed by 12.89% the S&P500.
The move comes after 9 months negative chart setup for the $1.06 billion company. It was reported on Oct, 31 by Barchart.com. We have $2.94 PT which if reached, will make TSE:SPE worth $63.60 million less.
Spartan Energy Corp (TSE:SPE) Ratings Coverage
Out of 4 analysts covering Spartan Energy Corp (TSE:SPE), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Spartan Energy Corp has been the topic of 8 analyst reports since December 3, 2015 according to StockzIntelligence Inc. The rating was maintained by National Bank Canada on Wednesday, August 24 with “Outperform”.
More notable recent Spartan Energy Corp (TSE:SPE) news were published by: Marketwired.com which released: “Spartan Energy Corp. Announces Exercise of Over-Allotment Option and …” on August 24, 2016, also Marketwired.com with their article: “Spartan Energy Corp. Announces First Quarter Financial and Operating Results …” published on May 11, 2016, Marketwired.com published: “Spartan Energy Corp. Announces Southeast Saskatchewan Light Oil Acquisition …” on August 03, 2016. More interesting news about Spartan Energy Corp (TSE:SPE) were released by: Marketwired.com and their article: “Spartan Energy Corp. Announces $75 Million Bought Deal Financing” published on February 24, 2016 as well as Marketwired.com‘s news article titled: “Spartan Energy Corp. Announces Completion of Strategic Light Oil Acquisition …” with publication date: July 08, 2014.
Spartan Energy Corp, formerly Alexander Energy Ltd is a Canada oil and natural gas exploration and production firm with producing properties focused in Saskatchewan. The company has a market cap of $1.06 billion. The Company’s properties include Southeast Saskatchewan, West Central Saskatchewan and Alexander Alberta. It currently has negative earnings. The Southeast Saskatchewan property focuses on conventional Mississippian targets, primarily in the Frobisher/Alida and Midale formations.
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